Health insurance is not a luxury anymore but definitely has become one of the dire needs in today’s time. Be it the growing cost of medical treatments with each passing day or health emergencies knocking at your door anytime, an effective health insurance policy can come out very handy. Whether one intends to buy the best health insurance in India for oneself or is willing to give it to a family member, herein is a guide that shall walk one through multifarious choices and selections so that the right choice is made.
Why Health Insurance is Important
Health insurance cushions people from ruthless medical expenses. Any good medical insurance can cover right from hospitalization to surgery, medicine, and aftercare. Just one case of medical emergency can wipe out one’s savings if not covered by insurance. Thus, choosing the right health insurance ceases to be of utmost importance to oneself.
How to Choose the Right Health Insurance Policy
Before proceeding to the list of the best health insurance companies in India, let’s look at what the influencing key factors are in making the decision:
- Coverage: The policy should cover maximum medical expenses starting from hospitalization to pre and post-hospitalization and daycare procedures.
- Network of hospitals: Your insurance company should be impaneled with a big pool of hospitals where cashless treatment is available.
- Premium: While affordability is the key, one must not compromise on coverage for a small premium. The cost and benefits have to be balanced.
- Claim Settlement Ratio: It shows the number of claims settled by an insurance company against the number of claims it received. A high ratio ensures reliability in a company.
- Additional Benefits: The value of the policy increases with add-ons like maternity cover, critical illness cover, and wellness programs.
Read More: Life Insurance as a Guardian for Your Family
Top 5 Health Insurance Companies in India
The below-presented research and in-depth analysis represent the five best health insurance companies in India, having the best health insurance policies:
1. ICICI Lombard General Insurance
When it comes to health insurance, the name of ICICI Lombard runs big. Variants of comprehensive health insurance plans fall under this category. It ranges further in order to cover in-patient hospitalization, daycare procedures, and road ambulance in case of emergency.
Key Features:
- Treatment facilities in cashless mode at more than 4,500 network hospitals
- Cover for alternative treatments such as Ayurveda and Homeopathy
- High claim settlement ratio
2. Max Bupa Health Insurance
Max Bupa is a name that spells trust and reliability. And rightly so; its customer-friendly operations have enabled Max Bupa to secure a place among the topmost health insurance providers in the country.
Some key features of Max Bupa Health Insurance:
- Direct settlement of claims without any third-party administrator
- Critical illness coverage
- Lifetime renewability option.
3. Star Health and Allied Insurance
Star Health continues to enjoy the top slots in health insurance companies in India owing to a complete range of products offered and above all the unparalleled customer service shown.
Key Features:
- Special plans for senior citizens
- Pre-existing diseases are covered after the waiting period.
- A vast network of cashless hospitals
4. HDFC ERGO Health Insurance
HDFC ERGO is yet another name trusted by people when it comes to buying insurance. It offers many health insurance plans that best suit every need and budget.
Some Key Features:
- Cashless hospitalization in more than 10,000 network hospitals.
- Cover for treatments related to mental illnesses under this policy.
- Easy and fast claim settlement process.
5. New India Assurance Health Insurance
New India Assurance is one of the oldest and most traditional general insurance companies in India. It, therefore, provides very reliable as well as comprehensive health insurance policies.
Key Features:
- Very reasonable premium rates with comprehensive cover
- Available on an individual, family floater, as well as senior citizens basis
- High claim settlement ratio
Best Health Insurance Plans in India
Now that we have looked at some of the best health insurance providers functioning in India, let us have a close look at some top best health insurance policies they are offering.
1. ICICI Lombard Complete Health Insurance
The best plan for families and individuals who need comprehensive coverage, cashless hospitalization is part of the offered facilities, and critical illness covers, including pre and post-hospitalization expenses.
2. Max Bupa Health Companion
It is one of the most popular health insurance schemes in India. It covers maternity benefits along with critical illness cover and coverage for alternate treatments too.
3. Star Health Family Health Optima
This is the ultimate family floater plan designed to provide benefits for the coverage of the whole family under a single policy. Newborn baby cover, daycare procedures, and road ambulance emergencies are some of the valuable features of the policy.
4. HDFC ERGO Optima Restore
It has a unique feature of restore benefit in that the sum insured is automatically reinstated in case it exhausts within the policy year. It also covers a comprehensive medical expense resulting from hospitalization, surgery, and critical illnesses, among others.
5. New India Assurance Mediclaim Policy
New India Assurance Mediclaim Policy can be considered one of the most reasonably priced wide cover policies. Some of the key covers provided under this policy are hospitalization expenses, surgery, and post-hospitalisation expenses.
Read More : Why Health Insurance is Necessary for All
Which Health Insurance is Best in India?
The best health insurance in India can be chosen according to one’s need, based on budget and health requirements. While ICICI Lombard and Max Bupa are good for comprehensive cover, Star Health and HDFC ERGO are fantastic in case one is looking for a good family health plan. New India Assurance might work as a trusted name in budget-friendly options.
AapkaPolicyWala: Your Trustful Partner in Health Insurance
Though the companies named above and plans are some of the best there is, selecting the perfect health policy still turns out to be a frustrating job. That is where AapkaPolicyWala fits in.
AapkaPolicyWala is an online Health Insurance website in India, which has been designed to make navigating easy, comparisons comprehensive, and guidance by experts to select the right policy. Our aim at AapkaPolicyWala.com is to make it easier than ever before for you to select a policy for yourself that serves your needs the most.
Why Choose AapkaPolicyWala?
Side-by-side comparison: detailed comparison to find the value-for-money policy from the best health insurance companies in India. Expert Suggestion: recommendations on custom health needs and the economic condition of the applicant, as per the panel of Insurance experts at AapkaPolicyWala. Hassle-free purchase: purchase desired health insurance policy with just a few clicks online from any given health insurance company and be at ease.
From purchasing health insurance for the first time to switching over to a new policy, let AapkaPolicyWala take care of all your needs.
Conclusion
Selecting the best health insurance policy in India is quite an important decision and one that needs to be made with a lot of thought. Getting clarity on various options available through platforms such as AapkaPolicyWala shall go a long way in making an informed choice with regard to the protection of you and your family.
Health is wealth, and hence, investment in the right health insurance policy will turn out to be one of the most prudent financial decisions. So, surf the options, compare the plans, and choose the best health insurance policy suiting your needs.